Chevron – Nouryon sells its Salt Specialties business to Salins Group – Chemical Engineering
By Mary Page Bailey |
Nouryon (Amsterdam, the Netherlands) signed an agreement to divest its Salt Specialties business, including brands such as JOZO, NEZO, Suprasel, Sanal, and KNZ to the Salins Group, an international salt company headquartered in France. The closing of this transaction is subject to customary closing conditions, regulatory approvals and subject to completion of the works council process.
The deal is expected to close in the second half of 2021. The acquisition includes three locations for the packing and distribution of specialty salt in Hengelo (The Netherlands), Mariager (Denmark), and Gothenburg (Sweden). Nouryon will supply Salins with high-purity vacuum salt from their mining operations near Hengelo and Mariager.
This acquisition allows Salins to continue its strategic development.
“With this acquisition and the long-term partnership with Nouryon, our company is developing its core business to better serve its customers in the salt market. All our teams are looking forward to working with the over 250employees who will join our company. In addition, this acquisition will boost our development of specialty salts in the Middle East, Far East and American countries,” says Hubert François, leader of Salins.
“I am confident that Nouryon’s Salt Specialties business will prosper under this new ownership, and we look forward to supporting its growth through the continued supply of high-quality vacuum salt,” said Philipp Polenz, Deputy President of Nobian, the salt and chlor-alkali business of Nouryon. “We are grateful to all the employees who helped to shape and build this business and we look forward to welcome Salins as an important new customer.”